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Asks whether the Reykjavik summit and Irangate have shaken the USA's self-confidence and standing in the world. Reykjavik threatened the credibility of the West's flexible response strategy, while Irangate undermined the authority of the President, made a nonsense of his anti-terrorism campaign, and embarrassed and angered his Middle Eastern allies. On the other hand, the USSR is no longer in a position to gain from these blunders.
Charts the ups and downs of Soviet-US relations in the run-up to the Reykjavik summit (including the Daniloff affair), the arms control proposals discussed there, and the political fall-out. SDI is seen as central to President Reagan's policy, contrary to the views of his officials. The events of the latter half of 1986 prove that the strategic relationship between the superpowers is a tenuous one, but that it is not founded on the classic principles of international relations because of the nuclear question. Common security must be the target for the future. Sets out the limits for US-Soviet relationship -- limits to how good, and how bad, it can be.
